QUALIFYING SMALL ENTERPRISES


Any enterprise with an annual total revenue of R10 million or more but less than 50 million is regarded as an Qualifying Enterprise and are only required to complete an affidavit unless they have a ownership of less than 51%. This is not applicable to entities that are in the construction Sector and the Transport sector. If entity is 51%-99% black owned it also gets an affidavit and means they are a level 2. If the Entity is 100% black owned , it qualifies for an automatic level 1. This Rule is not applicable to the entities in the construction and the Transport sector.